The Firm recently represented the initial purchasers, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with Block, Inc.’s offering of $2 billion aggregate principal amount of 6.50% Senior Notes due 2032. The notes were offered to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended.
Block, Inc. is a global technology company with a focus on financial services. Made up of Square, Cash App, TIDAL, and TBD, Block builds tools to help more people access the economy.
The Simpson Thacher team included Dan Webb, Art Robinson, Karen Reyes, Andy Roy, William Perrone, Christian Sheets and Olivia Pepper (Capital Markets); Tristan Brown and Pasco Struhs (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Jonathan Cantor, Edward Grais and Michael Slomovics (Tax); Lori Lesser, Linton Mann and Corina Holland (Intellectual Property); and Jennie Getsin (Blue Sky).